Arbital
YC S26San Francisco, US · Founded 2025 · 3 employees · 1 known investors
Find your way into Arbital
491 people in our graph share verified history with the Arbital team — schools, employers, funds. One of them is your warm intro.
Yi Min Lohunlockedknows Karon Pangestu · together at The London School of Economics and Political Science (LSE) (overlapped)
×6knows the team · via Entrepreneur First
×5knows the team · via The London School of Economics and Political Science (LSE)
Arbital is a decentralized market making engine for perpetual DEXes, letting users deploy automated maker-only liquidity strategies that generate volume, manage inventory risk, and participate in exchange incentive programs. It provides a configurable trade engine, multi-DEX coverage, fee-aware execution, and risk management controls for crypto traders and market makers.
AI & Machine LearningCrypto & Web3FintechArtificial IntelligenceCrypto / Web3InvestingTradingSingaporeSoutheast Asia
Founders & leadership· Y Combinator alumni (S26)
Arbital was founded in 2025 by Karon Pangestu, Steven Mulyawan, and Vincent Owen Toniwan.
KP
Karon Pangestuin𝕏FounderCo-founder of Arbital, a decentralized market making engine for perpetual DEXes. Previously head of growth and the first non-engineering hire at the exchange Aevo, where he led growth, marketing, and product, and earlier co-founded the crypto media platform Launchy; he holds a BA in Mathematics and Statistics from LSE.
SM
Steven Mulyawanin𝕏Co-FounderCo-founder of Arbital, a decentralized market making engine for perpetual DEXes. Previously led business development and partnerships across Asia at Aevo, where he onboarded over 10,000 traders during the platform's growth in cumulative volume.
VO
Vincent Owen Toniwanin𝕏Co-FounderCo-founder of Arbital, a decentralized market-making engine for perpetual DEXes. He previously built and ran the backend and market-making infrastructure at Aevo, developed the high-leverage Aevo Degen exchange, and earlier led backend engineering at N1 (terminal.trade) and MEV infrastructure at Bitwyre.
Investors · 1
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Frequently asked questions
- What does Arbital do?
- Arbital is a decentralized market making engine for perpetual DEXes, letting users deploy automated maker-only liquidity strategies that generate volume, manage inventory risk, and participate in exchange incentive programs. It provides a configurable trade engine, multi-DEX coverage, fee-aware execution, and risk management controls for crypto traders and market makers.
- Who founded Arbital?
- Arbital was founded by Karon Pangestu, Steven Mulyawan, Vincent Owen Toniwan in 2025.
- Who are Arbital's investors?
- Arbital's investors include Y Combinator.
- Where is Arbital headquartered?
- Arbital is headquartered in San Francisco, US.